The Europe 3D NAND Flash Memory Market size would grow at 31.2% CAGR during the forecast period (2016 - 2022).

The most common trend that is being witnessed across the globe by businesses is cost cutting and work towards profitability and also remain competitive. The NAND flash memory chips are introduced to reduce cost per bit without compromising on the performance and reliability of the memory chips. The implementation of 3D NAND flash memory technology has allowed reaching the desired output that is greater performance and higher reliability.

3D NAND has emerged as an ultimate solution for the above-mentioned concerns and it looks like a viable option, due to higher storage density through multiple layer memory cell stacking, enhancing the storage and also providing enough space for the cells, eventually reducing the issue of inter-cell interference. The application of 3D NAND flash memory chips has ginned prominence due to their capability to exploit the intrinsic limits of the fabrication substrate.

The demand for new technology and products has been growing, as the existing solutions do not have the capability of handling enormous data effectively. Therefore, the innovation of 3D NAND flash memory has been a differentiated product in the market that has a larger storage space, with superior speed and also comparatively cheaper than other available options.